{"id":"https://openalex.org/W2109756883","doi":null,"title":"Monopoly Pricing of Experience Goods","display_name":"Monopoly Pricing of Experience Goods","publication_year":2004,"publication_date":"2004-01-01","ids":{"openalex":"https://openalex.org/W2109756883","mag":"2109756883"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:cwl:cwldpp:1463","doi":null,"is_oa":false,"landing_page_url":"https://cowles.yale.edu/sites/default/files/files/pub/d14/d1463-r.pdf","pdf_url":"https://cowles.yale.edu/sites/default/files/files/pub/d14/d1463-r.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://hdl.handle.net/10138/16694","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5003919163","display_name":"Dirk Bergemann","orcid":"https://orcid.org/0000-0002-2759-6962","observed_orcids":["https://orcid.org/0000-0002-2759-6962"]},"institutions":[{"id":"https://openalex.org/I32971472","display_name":"Yale University","ror":"https://ror.org/03v76x132","country_code":"US","type":"education","lineage":["https://openalex.org/I32971472"]},{"id":"https://openalex.org/I4405271587","display_name":"Cowles Foundation for Research in Economics","ror":"https://ror.org/02pfghk26","country_code":"US","type":"facility","lineage":["https://openalex.org/I4405271587"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Dirk Bergemann","raw_affiliation_strings":["Yale University - Cowles Foundation - Department of Economics"],"raw_orcid":"https://orcid.org/0000-0002-2759-6962","affiliations":[{"raw_affiliation_string":"Yale University - Cowles Foundation - Department of Economics","institution_ids":["https://openalex.org/I32971472","https://openalex.org/I4405271587"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5104058614","display_name":"Juuso V\u00e4lim\u00e4ki","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I43439940","display_name":"University of Southampton","ror":"https://ror.org/01ryk1543","country_code":"GB","type":"education","lineage":["https://openalex.org/I43439940"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Juuso V\u00e4lim\u00e4ki","raw_affiliation_strings":["Helsinki School of Economics","University of Southampton - Division of Economics"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Helsinki School of Economics","institution_ids":[]},{"raw_affiliation_string":"University of Southampton - Division of Economics","institution_ids":["https://openalex.org/I43439940"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":7,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11161","display_name":"Consumer Market Behavior and Pricing","score":0.5181000232696533,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11161","display_name":"Consumer Market Behavior and Pricing","score":0.5181000232696533,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.33329999446868896,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.09149999916553497,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/experience-goods","display_name":"experience goods","score":0.9259999990463257},{"id":"https://openalex.org/keywords/monopoly-pricing","display_name":"monopoly pricing","score":0.949999988079071},{"id":"https://openalex.org/keywords/optimal-pricing","display_name":"optimal pricing","score":0.38100001215934753},{"id":"https://openalex.org/keywords/private-valuations","display_name":"private valuations","score":0.8539999723434448},{"id":"https://openalex.org/keywords/price-paths","display_name":"price paths","score":0.5410000085830688},{"id":"https://openalex.org/keywords/steady-state-equilibrium","display_name":"steady-state equilibrium","score":0.6029999852180481}],"concepts":[{"id":"https://openalex.org/C2778860618","wikidata":"https://www.wikidata.org/wiki/Q157499","display_name":"Goodwill","level":2,"score":0.7756927609443665},{"id":"https://openalex.org/C2781127519","wikidata":"https://www.wikidata.org/wiki/Q43637","display_name":"Monopoly","level":2,"score":0.7660631537437439},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.6385500431060791},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5266199707984924},{"id":"https://openalex.org/C9992130","wikidata":"https://www.wikidata.org/wiki/Q484954","display_name":"Pessimism","level":2,"score":0.42391398549079895},{"id":"https://openalex.org/C2777364431","wikidata":"https://www.wikidata.org/wiki/Q140813","display_name":"Willingness to pay","level":2,"score":0.4162950813770294},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3679347336292267},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.33003437519073486},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.0724477469921112},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0}],"mesh":[],"locations_count":6,"locations":[{"id":"pmh:oai:RePEc:cwl:cwldpp:1463","doi":null,"is_oa":false,"landing_page_url":"https://cowles.yale.edu/sites/default/files/files/pub/d14/d1463-r.pdf","pdf_url":"https://cowles.yale.edu/sites/default/files/files/pub/d14/d1463-r.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:helda.helsinki.fi:10138/16694","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10138/16694","pdf_url":"http://hdl.handle.net/10138/16694","source":{"id":"https://openalex.org/S4210213322","display_name":"Ty\u00f6v\u00e4entutkimus Vuosikirja","issn_l":"0784-1272","issn":["0784-1272","1459-7780"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":["ddh","jufo-1"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},{"id":"mag:2109756883","doi":null,"is_oa":true,"landing_page_url":"http://cowles.econ.yale.edu/P/cd/d14b/d1463-r.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.140.2423","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.140.2423","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://cowles.econ.yale.edu/P/cd/d14b/d1463.pdf","raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.140.3535","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.140.3535","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://cowles.econ.yale.edu/P/cd/d14b/d1463-r.pdf","raw_type":"text"},{"id":"mag:3125615695","doi":null,"is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:cwl:cwldpp:1463","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":{"id":"pmh:oai:helda.helsinki.fi:10138/16694","doi":null,"is_oa":true,"landing_page_url":"http://hdl.handle.net/10138/16694","pdf_url":"http://hdl.handle.net/10138/16694","source":{"id":"https://openalex.org/S4210213322","display_name":"Ty\u00f6v\u00e4entutkimus Vuosikirja","issn_l":"0784-1272","issn":["0784-1272","1459-7780"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":["ddh","jufo-1"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null},"sustainable_development_goals":[],"study_designs":[],"awards":[{"id":"https://openalex.org/G1224775156","display_name":"Robust Mechanism Design","funder_award_id":"0095321","funder_id":"https://openalex.org/F4320306076","funder_display_name":"National Science Foundation"}],"funders":[{"id":"https://openalex.org/F4320306076","display_name":"National Science Foundation","ror":"https://ror.org/021nxhr62"},{"id":"https://openalex.org/F4320320879","display_name":"Deutsche Forschungsgemeinschaft","ror":"https://ror.org/018mejw64"},{"id":"https://openalex.org/F4320334630","display_name":"Economic and Social Research Council","ror":"https://ror.org/03n0ht308"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2109756883.pdf","grobid_xml":"https://content.openalex.org/works/W2109756883.grobid-xml"},"referenced_works_count":21,"referenced_works":["https://openalex.org/W1489741075","https://openalex.org/W1521309325","https://openalex.org/W1552666175","https://openalex.org/W1570570810","https://openalex.org/W1970013737","https://openalex.org/W1993726700","https://openalex.org/W2008265514","https://openalex.org/W2023272149","https://openalex.org/W2039642656","https://openalex.org/W2059973769","https://openalex.org/W2099952463","https://openalex.org/W2103598033","https://openalex.org/W2103909784","https://openalex.org/W2121252294","https://openalex.org/W2124905531","https://openalex.org/W2142990481","https://openalex.org/W2151084171","https://openalex.org/W2504111321","https://openalex.org/W3124173531","https://openalex.org/W3125569873","https://openalex.org/W3125615695"],"related_works":["https://openalex.org/W7095995381","https://openalex.org/W2154458457","https://openalex.org/W1521309325","https://openalex.org/W7097695598","https://openalex.org/W2059812771","https://openalex.org/W2593413302","https://openalex.org/W1971434927","https://openalex.org/W2146838832","https://openalex.org/W2094302560","https://openalex.org/W2784467121"],"abstract_inverted_index":{"In":[0],"this":[1],"paper,":[2],"we":[3],"develop":[4],"a":[5,66],"model":[6],"of":[7,20,93],"experience":[8],"goods":[9],"pricing":[10],"with":[11,65],"independent":[12],"private":[13],"valuations.We":[14],"show":[15],"that":[16,59],"the":[17,31,37,43,49,63,73,79,82,90,94],"optimal":[18,50,74],"paths":[19],"sales":[21],"and":[22,81],"prices":[23,38,51,58],"take":[24],"qualitatively":[25],"different":[26,29],"shapes":[27],"for":[28,78],"products.If":[30],"buyers":[32,44,64],"are":[33,39,45,52],"initially":[34,46,53],"optimistic,":[35],"then":[36,48],"declining":[40],"over":[41],"time.If":[42],"pessimistic,":[47],"low":[54],"followed":[55],"by":[56],"higher":[57],"extract":[60],"goodwill":[61],"from":[62],"high":[67],"willingness":[68],"to":[69],"pay.We":[70],"also":[71],"characterize":[72],"commitment":[75],"price":[76],"path":[77],"monopolist":[80],"steady-state":[83],"equilibrium":[84],"when":[85],"there":[86],"is":[87],"turnover":[88],"on":[89],"buyer":[91],"side":[92],"market.":[95]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2014,"cited_by_count":1}],"updated_date":"2026-11-11T12:16:26.678958","created_date":"2016-06-24T00:00:00"}